Sunday, December 07, 2025 | 10:19 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

COP27 climate deal hurtle towards overtime, countries mull EU offer of fund

27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters

President-elect of Brazil Luiz Inacio Lula da Silva attends a meeting at COP27 climate summit, in Sharm el-Sheikh, Egypt, on Thursday, November 17. (Photo: Reuters)
premium

Negotiations were energised after the European Union said late on Thursday that it would back the demand of the G77 group of 134 developing countries

Reuters
A European Union proposal buoyed hopes of progress at the COP27 climate summit on Friday, its final scheduled day, as the 27-country EU said it would back one of the toughest agenda items financing for countries wracked by climate-fuelled disasters.

But with several other sticking points dogging this year's UN climate talks, host country Egypt said a final deal was still not expected before the weekend.

“I remain committed to bring this conference to a close tomorrow in an orderly manner, with the adoption of a series of consensus decisions that will be comprehensive, ambitious, and balanced,” COP27 President Sameh Shoukry told

Disclaimer: No Business Standard Journalist was involved in creation of this content